Mysterium Network is open source software that acts as a marketplace for anyone to join. It can be used as a buying or providing platform. Buyers can get VPN service from other network providers while providers can sell unused network traffic. The Mysterium Network has a fairly intricate architecture that includes Smart Contracts, state channels and P2P, Blockchain among others. The protocol aims at helping create a completely decentralized VPN network that’s powered by decentralized micro payments.
Participants in the token sale of Mysterium will have access to tokens that will be the foundation for all transactions taking place within the network. The Mysterium network is designed to provide opportunities for developments of various kinds to both communities and entrepreneurs, post deployment. Other key features planned on the network are transparent applications that will lessen the impact of censorship and designs that can make the payment process easier and more efficient than the ones existing on other digital currency platforms. There are also plans for introducing new network related services by making use of protocols and infrastructure developed by Mysterium Foundation.
Mysterium Token (MYST) is the token associated with this platform. The supply of these tokens will be fixed in numbers as this is the only time tokens will be created. These tokens will be a core component of the platform. The amount that comes in as fees charged to the VPN consumers will go to the service provider and to protocol development and support. These fees will be denominated in the token system even though this will be subject to change.
The owner of the node will be the miner in this case, with rewards being handed out in the form of MYST tokens. This platform differs from the other blockchain systems by the fact that the miner will not get any incentives for their computing power or currency ownership. They will be rewarded for sharing their bandwidth.
In the Mysterium network, the account of all users is managed by the smart contract on Ethereum blockchain. They all have some MYST tokens in their accounts. One user can request for VPN services from another user by promising to give some of this stored value to the service provider in exchange for services.
The total supply of MYST available is 32,433,366 and the circulating supply is 19,429,024. Market cap of MYST is $19,920,579. The trading of MYST at present is $1.03.
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